NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.

Jones Soda ( JSDA) should trade sharply higher Tuesday after said it has terminated an exclusivity provision in its deal with Reed's ( REED), allowing the company to explore alternative options. Earlier this month, Reed's said it would purchase Jones Soda at a discount in a cash-and-stock deal worth about $9.7 million. The 50-day average daily volume for Jones Soda is 292,000, according to the Nasdaq. The stock finished Monday at 52 cents and traded 25% in late trading.

Integrated Silicon Solution ( ISSI) jumped by $1.19, or 15.9%, to $8.68 in the premarket session after the semiconductor company upped its second-quarter earnings and revenue guidance following "better than expected end market demand and pricing." Integrated Silicon expects to earn 20 cents to 24 cents in the quarter on revenue of $54 million to $56 million, up from its previous guidance of 8 cents to 12 cents a share on revenue of $48 million to $52 million. Analysts are looking for a second-quarter profit of 11 cents a share on revenue of $50.7 million, according to Thomson Reuters. The 50-day average daily volume for Integrated Silicon is 551,000.

>>Stocks With Unusual Trading Volume

Somaxon Pharmaceuticals ( SOMX) slid by 29 cents, or 3.5%, to $8.01 in the premarket session after the company announced a 4 million share common stock offering. Somaxon did not offer pricing details. The 50-day average daily volume for Somaxon is 4.25 million.

Zale ( ZLC) rose by 10 cents, or 2.8%, to $3.71 in the premarket session after The Wall Street Journal reported that the jeweler is considering a financing proposal from Sun Capital Partners. The private equity firm submitted a proposal to invest between $50 million and $100 million in Zale's preferred stock, which would give Sun Capital a majority stake, the paper said, citing people with knowledge of the deal. Sun Capital has also agreed to provide a bridge loan that includes a $600 million revolving credit facility, the Journal added. The three-month average daily volume for Zale is 2.09 million, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

Check out all of Tuesday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

More from Investing

A Thunderous Herd of Scared Baby Boomer Investors Could Crush the Market

A Thunderous Herd of Scared Baby Boomer Investors Could Crush the Market

With GE Dropped From the Dow, Be Selective About Industrials Stocks

With GE Dropped From the Dow, Be Selective About Industrials Stocks

GE Headed to $9.99 a Share?

GE Headed to $9.99 a Share?

3 Ways to Fix Starbucks Biggest Challenges

3 Ways to Fix Starbucks Biggest Challenges

Oracle's Soft Guidance and Move to Not Break Out Cloud Revenues Are Worrying

Oracle's Soft Guidance and Move to Not Break Out Cloud Revenues Are Worrying